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ABC began business in 2019 by issuing 25,000 shares of $1 par value common stock for $20 per share. In 2019, ABC acquired a building
ABC began business in 2019 by issuing 25,000 shares of $1 par value common stock for $20 per share. In 2019, ABC acquired a building with a fair market 120,000 in exchange for 1,000 shares of $100 par value preferred stock. During 2019, ABC generated a net income of $50,000 and ABC paid dividends of $10,000 In 2019, ABC purchased 2,000 shares of their own $1 par value common stock for $15 per share. Based on the above information, prepare the Stockholder's Equity portion of ABC's 2019 balance sheet
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